There are 343 houses for sale between La Jolla and Carlsbad listed above $2,400,000, and only 25 sold in November - nearly 14 months of inventory! The tax reform won't do much for those sellers - more coming today on who might be affected. The UNDER-$800,000 Market:...
Let's just quit N.A.R. and the rest of the bureaucracy and join together as a network of agents who share listings among ourselves! Hat tip to daytrip for sending this in: LINK For many high-priced and desirable properties, especially in metros such as LA, the sales...
Real estate spokespeople from N.A.R., C.A.R., Zillow, etc. keep saying that if tax reform removes the incentives for homeownership, prices would fall at least 10%. Then the Senate leaves the mortgage-interest deduction untouched, and adds back in the property-tax...
The Senate's version of the tax reform bill didn't include any changes to the mortgage-interest deduction, which keeps the limit at mortgages under $1,000,000. But the House limit was $500,000, and they still have to reconcile the two versions, so it's not done yet....
As we await the final version of the tax reform bill, let's enjoy some 'lighter' fare now that it's December! Hat tip Lindsey Tuer:
For those homeowners who have lived in their residence for less than five years and are thinking of selling, now is the time! Some home sellers would need a sale contract inked before the end of 2017 in order to avoid a big tax bill that would be imposed if the GOP...
I'm not sure how the C.A.R prognosticators can look at these Y-o-Y numbers and still forecast higher sales for next year - unless they think the supply will inflate with thousands of desperate realtors having to sell their own homes? LINK The North County Coastal...
The Sundance Film Festival released their official selections for the 2018 event in January, and we didn't make the cut. I'm sure Giorgio was bummed after putting in four years of effort, but he is still optimistic about getting into Tribeca and SXSW: We had the most...
Let's also include the forecast from realtor.com, which is different than N.A.R. - the Murdoch forecast? If their mortgage rate forecast comes true, and the tax reform sends buyers scurrying, it could be be a tumultuous year! Home shoppers may have it easier in...
Some snips from the recent C.A.R. Housing Market Forecast. Our median sales price is close to the record set in May, 2006. But we know that around San Diego's North County Coastal region, most prices are well above their previous peak by at least 10% to 20%: Not...
